BWR Exploration Inc. announces $740,000 Private Placement Financing
3rd Floor, 82 Richmond St. E., Toronto, ON M5C 1P1 Tel: (416) 848 6866
BWR Exploration Inc. announces $740,000 Private Placement Financing
Feb 15, 2017
Toronto, Ontario – BWR Exploration Inc. (TSXV:BWR) (“BWR” or the “Company”) announces that it has initiated
a non-brokered non flow-through and flow-through private placement unit offering for aggregate proceeds of up
to $740,000 (the “Offering”), consisting of up to 4 million (“Units”) at Cdn $0.05 per Unit for proceeds of up to
Cdn $200,000 along with 9 million flow-through Units (“FT Units”) at Cdn $0.06 per FT Unit for gross proceeds
of $540,000. Each non flow-through Unit consists of 1 common share (a “Common Share”) of the Company plus
one share purchase warrant (a “Warrant”) of the Company. Each Warrant will expire 24 months from the
date of issue (the “Warrant Expiry Date”) and will entitle the holder thereof to purchase one Common Share (a
“Warrant Share”) at a price of $0.075 per Warrant Share. Each FT Unit consists of 1 Common Share of the
Company plus one-half share purchase warrant (each whole share purchase warrant a “PT Warrant”) of the
Company. Each PT Warrant will expire 24 months from the date of issue (the “PT Warrant Expiry Date”) and
will entitle the holder thereof to purchase a Common Share (a “PT Warrant Share”) for PT Warrants at a price
of $0.10 per PT Warrant Share. While the Offering is being effected by the Company on a non-brokered
basis, the Company may pay finder’s fees to arm’s-length third parties consisting of: (i) cash commission of up
to 8% of the gross proceeds of the Offering; and (ii) broker warrants (“Broker Warrants”) in an amount up to
8% of the total number of Units issued under the Offering.
The proceeds from the non flow-through portion of the Offering will be used for general corporate purposes, a
portion of which may be used for a property acquisition. The flow-through portion of the Offering will be used
for qualified exploration expenditures in Canada, with a focus on the Little Stull Lake Gold project located in
Northeastern Manit oba. The Company may elect to close this financing in various tranches.
BWR Exploration Inc. is a public company (TSX Venture: BWR) focused on exploring for base and precious
metals, with its flagship Little Stull Lake Gold Project in NE Manitoba along with other exploration projects in
Northern Ontario, and Northern Quebec, Canada. Management of BWR includes an accomplished group of
exploration/mining specialists with many decades of operational experience in the junior resource sector. There
are currently 44,191,961 shares issued in Black Widow.
Neither the Toronto Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information about BWR please visit our website:
http://www.bwrexploration.com or call/email:
Neil Novak, P.Geo., President, CEO & Director,
BWR Exploration Inc.
82 Richmond St. E
Toronto, ON M5C 1P1
Cell: 519-654-0922
For information regarding this financing please contact:
Carl Desjardins, Paradox Investor Services Inc.
Cell: 514-618-4477
carldesjardins@paradox -pr.ca